Current and Future Economic Trends:

1
(No Transcript)
2
Current and Future Economic Trends A Focus on
Sauk County
Jenny EricksonCommunity Economic Development
Educator Sauk County - UW Extension Steven
Deller Department of Agricultural and Applied
Economics UW-Madison/Extension
3
Current and Future Economic Trends A Focus on
Sauk County
Our Objective this Morning Overview the
direction of the nation, Wisconsin and local
economies.

• Overview the National Economy
• Review the 2007 Wisconsin Report Card developed
  by the Corporation for Enterprise Development
• Detailed discussion of the economic trends of
  Sauk County

4
(No Transcript)
5
Growth in business output is as strong as the
1980s and the 1990s.
6
Hours of work has nearly returned to its peak in
2000.
7
Manufacturing capacity is rebounding but there is
room for improvement.
8
Interest rates near the average of the 1990s.
9
Mortgage rates remain at historic lows.
10
Cash on hand is stagnating and declining.
11
Gross savings is stagnating.
12
Despite record low mortgage rates household debt
levels at record levels.
13
The housing market collapse is the current lead
weight around the neck of the economy.
14
The housing market collapse is the current lead
weight around the neck of the economy.
15
The housing market collapse is the current lead
weight around the neck of the economy.
16
Consumer confidence in the economy is erratic.
17
Current and Future Economic Trends A Focus on
Sauk County
Summary of National Trends

• Overall growth appears to be robust..
• Savings rates are stagnant..
• Consumer debt level is a concern.
• Housing market weak despite low interest rates.
• Consumer confidence is finicky.

18
(No Transcript)
19
(No Transcript)
20
(No Transcript)
21
(No Transcript)
22
Current and Future Economic Trends A Focus on
Sauk County
Summary of the Wisconsin Report Card

• Wisconsin appears well positioned for sustained
  growth and development.
• Public education, once a strength in Wisconsin,
  is becoming a threat to the economy.
• Business starts from RD for the state a
  weakness, but Sauk County is in a unique
  position.
• Close proximity to UW-Madison.
• High natural amenities..

23
Population per Mile2 2000
24
Population per Mile22000
25
(No Transcript)
26
Percent of Housing Units Built 1995 to March 2000
27
Median Family Income in 1999

• Median income in Sauk County was 44, 565 2003

28
Percent of Families Below the Poverty Level in
1999
29
(No Transcript)
30
Percent of Persons 5 Years and Over Who Speak a
Language Other Than English at Home 2000
31
Sauk County Commuters 2000
32
Sauk Prairie Commuters 2000
33
(No Transcript)
34
Forecasted
35
(No Transcript)
36
Forecasted
37
(No Transcript)
38
Forecasted
39
(No Transcript)
40
(No Transcript)
41
Forecasted
42
Forecasted
43
(No Transcript)
44
(No Transcript)
45
(No Transcript)
46
(No Transcript)
47
Forecasted
48
(No Transcript)
49
Forecasted
50
(No Transcript)
51
(No Transcript)
52
(No Transcript)
53
Current and Future Economic Trends A Focus on
Sauk County
Summary of the Sauk County Analysis

• Sauk County is experiencing reasonable growth.
• Most future growth pressure or opportunities
  will come from Madison and the Dells areas.
• Manufacturing is NOT the engine of economic
  growthwe are now in a service economy.
• Labor shortages, particularly in low-income
  jobs, will become chronic

54
(No Transcript)